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Millennials, Here Are The Real Costs Of Starting A Business In Malaysia

Girl, is your boss asking you to OT for free again? 9 to 5 jobs are like that, and that’s the compromise you have to make for getting stable income. While you sozzle yourself into the dream of becoming your own boss, we need to hit you hard with reality because owning a business is more than having more say and higher pay.  There’s this thing with collecting enough funding to pay workers, electricity, rent – you get the gist. If you’re still adamant on taking that journey, we’re not letting you do this alone. We spoke with iMoney, the money experts on the real costs of starting a business.

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Research expenses

The most difficult part of starting a business is thinking what it is going to be about. Don’t blindly jump into it just to follow the trend. Careful research of the industry and consumer is what you should do. Try talking to others that have started a similar business and do further research. With easy access to the internet, this should be incredibly easy, effortless and cheap!

However, if you have doubts and you want to get a professional insight, hire market research firms to aid you in the assessment process. Be warned that they come at a price – usually to the tune of RM 4,000 for a basic research and that may increase depending on the depth of research required.

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